The Housing Bubble Blog – Page 79 – Examining the home price boom and its effect on owners, lenders, regulators, realtors and the economy as a whole.

The Sharknado Of Real Estate: No One Saw It Coming, No One Believed It Was Happening, But We’re Never Going To See Numbers Like That Again

January 11, 2023
Ben Jones
Uncategorized

A report from CNBC. "Wells Fargo is stepping back from the multitrillion-dollar market for U.S. mortgages. As part of its retrenchment, Wells Fargo is also shuttering its correspondent business that buys loans made by third-party lenders and 'significantly' shrinking its…

The Exploding Housing Prices We Saw The Last Two Years Are Behind Us

January 11, 2023
Ben Jones
Uncategorized

https://www.youtube.com/watch?v=HtZNbuY_Zzw https://www.youtube.com/watch?v=5P3i62mDqRw https://www.youtube.com/watch?v=jAyby0ysrCc https://www.youtube.com/watch?v=wjUCwZm2WfQ https://www.youtube.com/watch?v=WSL85F5ORWM

All Sellers Are Expecting To Be Chipped

January 10, 2023
Ben Jones
Uncategorized

A report from the Real Deal on Arizona. "Two months ahead of hosting the 2023 Super Bowl, Arizona Cardinals owner Michael Bidwill sold his mansion in Paradise Valley at a loss for $5.3 million. Bidwill sold the property two months…

Prices Fall The Furthest They Have In Decades!

January 10, 2023
Ben Jones
Uncategorized

https://www.youtube.com/watch?v=D_8qb_rhTEA https://www.youtube.com/watch?v=D9VpMypM0WI https://www.youtube.com/watch?v=vnB96CFz6zk https://www.youtube.com/watch?v=eVlHeZVEZWA https://www.youtube.com/watch?v=xmPLzLrZu-g https://www.youtube.com/watch?v=UNfDPME0ehE

Sellers Worry They Missed The Top And It Is Going Down, They Want To Get Out

January 9, 2023
Ben Jones
Uncategorized

A report from the Seattle Times in Washington. "The result of the slower market for buyers who are still trying to make a deal? They are no longer 'making a faster decision on buying a house than you would [when…

Getting Ahead Of Buyer’s Remorse

January 9, 2023
Ben Jones
Uncategorized

https://www.youtube.com/watch?v=QpSbVF1WVqk https://www.youtube.com/watch?v=poWv_GoIJFY https://www.youtube.com/watch?v=PTRuHXEEBZk https://www.youtube.com/watch?v=pk3CH3ps5g0

For Those That May Have Overpaid The Last 2 Years The Question Will Be, How Low Will They Go To Get Out Of A Mortgage?

January 8, 2023
Ben Jones
Uncategorized

A report from KTVZ in Oregon. "The Bend home market 'finished with a stabilizing median sale price' of $678,000, down $18,000 from November and close to October’s figure. It’s also a drop of nearly $100,000 from the spring, when Bend’s…

As The Houses For Sale Pile Up, Builders And Sellers Are Drastically Reducing Prices

January 8, 2023
Ben Jones
Uncategorized

https://www.youtube.com/watch?v=ke6_BSn-jAs https://www.youtube.com/watch?v=zX8TS6CouWo https://www.youtube.com/watch?v=z0lRrpd0hDo https://www.youtube.com/watch?v=-aS-HnErYDc

Are We Just Simply Hoping That The Scaffolding Put Up There Is Going To Protect People From Themselves?

January 7, 2023
Ben Jones
Uncategorized

A weekend topic starting with the Telegraph. "Stephen Schwarzman, the chief executive of the world’s largest private equity firm, is not someone who takes kindly to criticism. So when Blackstone was last month forced to limit investor withdrawals from its…

Is Buyer’s Remorse The New Normal?

January 7, 2023
Ben Jones
Uncategorized

https://www.youtube.com/watch?v=rGY57OEyXIc https://www.youtube.com/watch?v=a3_o15QOf3s https://www.youtube.com/watch?v=2-9rSiXO2iI https://www.youtube.com/watch?v=3mEuqxcMlYI